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. president obama officially nominating jack lew to head up the treasury department. shannon bream handles that for us. we will take an in-depth look at what has become an epidemic in this country. doctor robbie ludwig joins us on the psychology of what is a culture. what some call human graffiti. and secretary geithner not winning resounding support from republicans despite the fact that is budget director in the clinton administration, he presided over three straight balanced budgets. shannon bream has our report. reporter: >> i cannot think of a better person to continue then jack lew. reporter: president obama signaling plans to continue by nominating jack lew. he has handled a string of issues that has impacted the economy. >> he presided over three budget surpluses in a row. for all the talk out there about deficit reduction, making sure our books are balanced, he is a guy who did it three times. reporter: that senator jeff sessions says that jack lew is the wrong one for the job and that without newt gingrich refusing to allow more government spending, the budget achiement would nev
: the president will be nominating the chief of staff jack lew as next treasury secretary. should we be gearing up for another confirmation battle? rich edson at the white house with the latest on this story. what do you think? rich: we very well could be. he refuses to address entitlements in spending. he is the typical big government liberal and a troubled person to deal with in his capacity as chief of staff for the white house but democrats point out he knows budgets. he has been a budget director for the clinton administration, obama administration and they say that is why they picked him. >> in the past quarter of a century jack lew has been an integral part of some of the most important budgetary financial and fiscal agreements, bipartisan agreement in washington. >> "rolling stone magazine" will have to come to the senate and tell what his thoughts are about the spending and how it plans to address it. rich: it is u up to send them to see this another proxy fight to add to the administration on their views about that deficit and spending. back to you. melissa: i have to wonder how his sena
will nominate his chief of staff jack lew as the next treasury secretary a little more than two hours from now. connell: joining us now is from the "wall street journal." >> he will be directing economic policy for the president and he's a long-time washington insider. he worked for tip o'neil. he worked for bill clinton. he's worked on the budget for president obama. [talking over each other] >> there is a revolving door there. he did go in 09 and he came out with a lot of money despite the fact that citi bank was limping along and had to be helped out by the government. dagen: when he worked just as one example in the clinton administration he was considered reasonable but not now. why? >> i think the big part of it is how he performed when he worked for president obama in the first term. but it's also i think most people expect him to be very much like an alter ego of the president. he subscribes to the ideas that the president has, that the big problem in this country is not how to create wealth, but how to redistribute it. that's really our challenge. just have to figure out how to get th
to kero television in taft for help covering the story. >> up next, jack lew treasury secretary. i don't think they're going to mint the twin dollar coin. if that do they will put a squiggly on top and squall -- call it a day. ÷÷ >> shepard: 14 minutes before the hour now on "studio b." the president nominating his current chief of staff, jack lew, to replace tim geithner. before jack lew joined the white house administration he served as the chief operating officer of citigroup's global wealth management and served as president bill clinton's budget director and crafted a bipartisan agreement that sparked budget surpluses. the president said the loss of jack lew as his chief of staff will be the country's gain. >> i trust his friendship, very few people with greater integrity than the man to my left. so i don't want to see him go because it's working out well for me to have him here in the white house. >> shepard: but he already had some strong opposition. especially from the top republican lawmaker, jack session, who said, jack lew must never be secretary of the treasury. we ha
voice vowing to block jack lew, coming up we'll have an opportunity to speak with bernie sanders liberal leaning independent who says lew is wrong for america's middle tax. >>> john boehner inviting president obama to deliver the state of the u.n. i don't address to the joint congress february the 12th. a couple of weeks away. >>> president obama is meetinging with afghanistan president hamid karzai at the white house. how many u.s. troops should stay in afghanistan after 2014, if any at all. we'll talk more about that. >>> plus, the flu, now widespread in nearly all 50 states and even if you did not get vaccinated. there's a chance you could still get sick? we'll bring you the details. >>> the big question of you, do you think the hollywood and gaming industry will be as on stin at as the nra when it comes to finding solutions to gun violence? sometimes what we suffer from is bigger than we think ... like the flu. with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies. pr
at this, if jack lew is confirmed as treasury secretary, this will be the signature you see on the dollar bill. looks like a printing. "varney & company" is about to begin. joe doesn't know it yet, but he'll wk his way up from busser to waiter to chef before opening a restaurant specializing in fish and me from e great northwest. he'll start investing early, he'll find some good people to help guide him, nd he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ound shipping at fedex office. >> good morning, "varney & company" viewers, today is thursday, january the 10th. the big story of the day is guns, and just how the president will deal with the very strong calls for action. the public wants something done. how will
in washington. jack lew officially nominated as treasury chief. lew is known for his role in the being acrimonious talks in 2011. what could it mean this time. >> tiffany disappoints again with weaker holiday sales. there was weakness in the americas, strength in asia. so how much of a read through to the rest of retail is this earnings report? >>> nokia shares soaring this morning after a bullish outlook for the first quarter. >>> and herbal life's big day to defend itself against bill ackman's damning allegations. we'll have the latest and the ceo join us later in the show. >>> well, today president obama is set to nominate white house chief of staff jack lew as his next treasury secretary. succeeding tim geithner. lew has been budget director in both the obama and clinton administrations. he will pray a major role of course in negotiations over the debt ceiling and potential spending cuts. the president will make his announcement at 1:30 eastern. it's an event in the east room at the white house. i have to say off the bat just because he's a forest hills guy like me that i, you know
as jack lew is somebody who served as chief of staff. he was budget director before that. he served in hillary clinton's state department. he does not have a deep background and ties to wall street and business. he's a creature of congress, made his name in washington working for tip o'neal, the house speaker. very hard working, very key, very bright. republicans found him a difficult negotiators in some of the budget talks over the last couple of years, but i would expect, andrew, that he's going to be confirmed pretty handily even though he'll have difficult questions in his confirmation hearing. >> john, how disappointed -- and perhaps now, but it appears that the business community seems disappointed, if you read "the wall street journal" editorial page today. there's a sense of disappointment that the president didn't pick somebody from the business community, somebody with more experience in the world of finance private sector as joe would say. >> i understand the disappointment because they want one of theirs. but, you know, president obama wants one of his in that job. when
secretary-- his own chief of staff, jack lew. it was widely reported today that the announcement will come tomorrow. lew played a key role in the recent fiscal cliff negotiations with congress, and he previously headed the office of management and budget. if confirmed by the senate, lew would replace timothy geithner who's stepping down later this month. labor secretary hilda solis submitted her resignation today, after four years on the job. she made the decision public in an e-mail message. labor unions have praised solis for aggressively enforcing wage laws and job safety. business groups have complained she refused to take a more cooperative approach. american international group will not join a shareholder lawsuit over its federal bailout. a.i.g.'s directors said today they were legally obligated to consider taking part, but they opted against it. the company had faced mounting criticism since news of the suit broke. the 2008 rescue of a.i.g. cost $182 billion-- the largest of the financial crisis. all of it was paid back, leaving the u.s. government with a profit of $22 billion. vice
's here live next. and today, president obama nominates jack lew to be the next treasury secretary, geithner is going. he takes new heat why his last four cabinet nominees are all white men. da dana perino reminds us how they were mocking mitt romney's binder of women comment. and georgia in the middle of the gun debate after a mother was forced to use a gun to defend herself and her children after a burglar was breaking into the home. and we hear it in real time as police release the 911 call. >> if he opens that door, you shoot, you shoot him, you understand? ♪ you know my heart burns for you... ♪ i'm up next, but now i'm sging the heartburn blues. hold on, prilosec isn't for fast relief. cue up alka-seltzer. it stops heartburn fast. ♪ oh what a relief it is! cue up alka-seltzer. it stops heartburn fast. we replaced people with a machine.r, what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. [ male announcer ] you've reached the age where
dropping out of the presidential race and the president nominates jack lew for treasury secretary. is this the right man for the job? we'll ask charles krauthammer. that and more straight ahead. [ male announcer ] some day, your life will flash before your eyes. make it worth watcng. introducing the 2013 lexus ls. an entirely new pursuit. for their "destination wedding." double miles you can "actually" use. but with those single mile travel cards... [ bridesmaid ] blacked out... but i'm a bridesmaid. oh! "x" marks the spot she'll never sit. but i bought a dress! a toast... ...to the capital one venture card. fly any airline, any flight, anytime. double miles you can actually use. what a coincidence? what's in your wallet? [ all screaming ] watch the elbows ladies. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. >> i cannot think of a better person to continue
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about why the president would choose luke? >> well, jack lew a favorite of president obama because he has serious knowledge of the federal budgets. he has a no drama style. he has been serving this president in a very high profile capacity since president obama took office as white house chief of staff and before that as the director of the office of management and budget. lew has served as director of those two big jobs. bottom line is we are told that he is well-trusted well regarded here at the white house, shep? >> probably not a household name everywhere but well known in washington, jack lew. >> no question about that certainly with those two high profile jobs here at the obama administration over the past four years has been engaged in some tough negotiations with lawmakers on capitol hill. this photo we are showing you is from new year's eve. is he on the right wearing glasses and a blue tie. and bottom line the top republican on the senate budget committee says while he offered this prediction about the confirmation battle. >> it is a bumpy confirmation process. i think the a
says jack lew must never be secretary of the treasury. january none bream is at the white house. why? >> well, shepard, he, like many other republicans on the hill say that lew is the wrong man for the job because they call him a big government liberal. someone who has blocked them at every turn when they have tried to pass more spending cuts essentially. you know it's a very sore topic here in washington. you mentioned that sessions is the top republican on the budget committee. he told me today that two years ago when lew testified he lied. those were session's words. here is a bit more of what he had to say. >> we just can't have somebody who can't acknowledge, can't look the american people in the eye and tell them the truth about our financial condition. >> following lew's formal nomination here at the white house a number of other republican senators sent out reactions saying they are going to have an open mind. they will listen through the vetting process in the senate. most of them are inclined at this point to vote no. shep? >> shepard: much of the word we are getting this i
. keep love strong. >>> obama's nominee for treasury secretary jack lew is facing criticism because his signature, which will appear on the dollar bill, is complete lly illegible. look at his signature. this is real. in response, lew is like, i will fix this or my name is -- there's some political news here. president obama recently came under fire from republicans over the lack of diversity in his cabinet. then obama said, you guys know i'll be there too, right? >>> well, it's time for other entertainment news. it's the cia versus the lapd at the box office this weekend. after being in limited release for the past few weeks "zero dark thirty" is going wide, fresh off its five oscar nominations. but "gangster squad" may take first place this weekend thanks to box office draws ryan gosling and emma stone. >>> so what does 9-year-old quvenzhane wallis want to do now that she's nominated for on can oscar? what any other 9-year-old would want to do. go on a shopping spree and eat pizza. >>> justin bieber may have a dopplpganger. >>> and justin timberlake and beyonce both announced new music
suit. >> i think it's great. >> agree. eight minutes after the hour. and jack lew, what an interesting signature this man has. if jack lew, president obama's nominee for treasury secretary gets the gig this scribble may be on all of your money. lew may have the most illegible signature of all time. look at it. it's nothing but a doodle. like nine loops in a row. >> that is something my 2-year-old would do. >> on treasury secretary. yesterday president obama assured the world that the american dollar is, in fact, safe. >> i had never noticed jack's signature. and when this was highlighted yesterday in the press, i considered rescinding my offer to appoint him. jack assures me that he is going to work to make at least one lett lett letter legible, should he be confirmed as secretary of treasury. >> this is what his signature would actually look like on the dollar bill. that's just awful. >> is it third grade when they focus on your handwriting skills and penmanship? maybe he can sit in on a class. >> the treasury secretary wants to audit your class. >>> nine minutes past the hour. yester
team for the second term. this afternoon, he'll announce that white house chief of staff, jack lew, is his pick for treasury secretary. which means for the first time in years, all of the premier cabinet positions will be held by men. jon karl is covering the shuffle in the white house. good morning, jon. >> reporter: good morning, george. some critics are looking at the president's emerging second-term team and asking, where are the women? today, it's jack lew for treasury secretary. earlier this week, chuck hagel for defense. and john brennan for cia. >> i'm looking forwards to working with these two gentlemen. >> reporter: and before that, john kerry for secretary of state. four top appointments since the election. four men. and then, this. "the new york times" published this white house photograph wednesday, showing the president speaking with top advisers in the oval office. ten people visible, all men. and late wednesday, labor secretary, hilda solis, announced she's leaving. the third woman in the cabinet heading for the exits. all this prompted "washington post" columnist,
dominant position. >>> barack obama officially nominated jack lew to replace timothy geithner overnight. speaking from the east room of the white house, the president made it clear just why he made this move for the post. >> over the past year, i've sought jack's advice on virtually every decision i've made from economic policy to foreign policy. and one reason jack has been so ekive in this town is because he is a low-key guy who prefers to surround himself with policy experts rather than television cameras. and and to hear who has been nominated for obama's cabinet, senator john kerry to replace hillary clinton as secretary of state, jack lew to replace timothy geithner and chuck hagel to as secretary of defense. tinny, good to see you. happy new year. >> happy new year to you, too. >> nice to see you. what do you make of the reshuffle? >> well, they are not surprising choices. there's a lot of discussion about whether obama's second term means changes or continuity. i'd use another key term which is consolidation. i think his cabinet are loyalists and insiders. they'll help move forw
white house chief of staff jack lew his choice for next secretary. he is overseen budget talks in times of surplus as well as the deficit. he has also played a key role in the 2011 debt ceiling talks. the president is expected to speak within the next few minutes and we will bring you the announcement live when that happens. >> new york times calls him a fiscal progress of a fiscal expertise. high praise from washington insiders. you have the honor of putting his signature on all of the new dollar bills. in an unofficial survey he has been voted as having the world's worst signature. we're going to have to look at that. maybe it will improve. >>jim ramsey has your full forecast. winter may be about to change. we have a chance of snow coming in later in the weekend. we're going to get some rain coming into chicago just in time for the rush hour. we could see more than an inch of rain. we'll talk about that a little bit more in detail. you can see those clouds overhead. the skies turn gray rather quickly. that is the precursor to the rain we're talking about. that is the three cloudines
want to bring up the subject of treasury secretary designate, nominee, that would be, jack lew, a lot of fanfare and applause and most likely gets confirmed, that's an opinion. i say, let's start with you, carol, on this one, i say it makes absolutely no difference to president obama's economic policy. which is tax the rich, do not cut spending and ignore the debt. first to you, carol. >> i think that's right. obviously, jack lew has been president obama's right-hand man and one of the reasons put out for his nomination is that he understands the mechanics of budgets. however, if we look back at the budgets over the past, whether it be four years, decade or even further, there hasn't been a balanced budget, so whether he understands the mechanics or not, it's still not solving our problems. as treasury secretary, he's sitting over the irs and the national debt unless we get some meaningful change here, which i do not anticipate, i feel like this nomination's not going to make a whole lot of difference. stuart: carol, i'm very glad you agree with me and sure that kirsten will agree wit
out until january 25th in the treasury, giving jack lew to confirm and i guess perfect his signature. let's see what we've learned, what does he leave for jack lew. he got the stress test done. actually, that's not correct there. let's move away from that. what we're talking about here is the -- let me go to my notes. the stimulus was done -- but sustained growth was not. frank dod basel iii was not done. aig also done. what is the geithner model? what is the geithner doctrine? i think you can say like this, overwhelming government force when it's clear it's needed. b in a crisis, spend, regulate and guarantee and do it with conviction. let's talk about one of the things left over from the geithner years, which is going to be the issue of debt and deficit. i think you would say there was some accomplishment when it came to getting some of these deals in place. but ultimately, he probably thought that some of these things would come off and be declining faster than they have. we've learned a lot about the financial crisis. in fact, we're going to be debating the correct government res
live to the white house. president obama is set to name jack lew as the next treasury secretary, becoming the 76 to treasury secretary so far. so far only one republican has come not in opposition. we will hear from the president and likely jack lew as well. vice president joe biden continues meetings on the gun violence task force coming hearing from walnut -- wildlife interest groups this morning. he is doing a widespread review of the safety laws. he will be meeting in about half an hour with the national rifle association. president obama has set a late january deadline for vice- president biden's proposals. before the meeting got under way, he spoke to reporters for about 15 minutes. >> let me thank you all for being here. you represent the bulk of sportsmen in this country, and you all know this is a complicated issue. there is no singular solution to how we deal with the kind of things that happen in new town or colorado or the general gun violence in america today. the president and i and the cabinet, we understand it is a complicated issue. that is why when the presiden
and lori. melissa: thank you so much. jack lew will likely take over tim geithner as treasury secretary, but what will geithner do as a private cents and what will others in obama's economic circles do in the months ahead? you called the jack thing a long time ago. >> yeah, we were the first to report he was on the short list, at the top with larry fink and i think larry would be a better treasury secretary, and then, i think bloomberg reported another name, that was not in my mind. jack lew, a guy that does a lot of legislative stuff, budget director, he's in there. he's gone. what will geithner do? he's taking geithner's place. this is what geithner is telling friends. he wants a detox. he may take the year off, and his plans, according to friends who geithner spoke with directly, his plans are to write a book. he wants to write a book about the service in government. remember, he was the fed chairman, new york fed president, important job in the financial crisis, went from the fire to the -- frying pan to the fire as treasury secretary in president obama's first year, and he plans to
on the calendar as well. dan lothian, thank you. appreciate it. >>> if jack lew, nominee of secretary of the treasury actually gets that gig, this is the signature that could we on our money. yesterday, president obama assured the world that the american dollar is safe, even with that. >> i never noticed jack's signature. when this was highlighted in the press, kconsidered rescinding m offer to appoint him. jack assures me he is going to work to make at least one letter legible. in order not to debase our currency should he be confirmed as secretary of the treasury. >> this is what his signature would look like on a dollar bill if it all goes through. looks like what my boys do. >> people have studied this. he has the same number of loops each time he does it. >> tim geithner says one of the first things he had to do when he became treasury secretary, was make it a little more legible. >> it suddenly matters. >>> other stories making news this morning. john has that for us. >>> the 16-year-old who opened fire and critically wounded a high school classmate claims he was bullied. he was
the white house will name jack lew as his choice to be the next treasury secretary as early as tomorrow. sources know lew has been at the president's side for some the big decisions over the past several years, shep? >> shepard: mike emanuel at the white house lawn tonight. here is our favorite story of the day. our paper money could soon have a bunch of scwilgs on it if jack lew get the gig. puts the united states signature on all the green backs. that's the current secretary tim geithner's john hancock. here is lu's signature. see that? from a recent white house memo. it's a bunch of scwilgs skillings. geithner had to change his signature from the one you can see here so that people could read his name on the currency. after all, if you get to sign all the money, the least you can do is read your name. by now we have all heard that soda is not good for you. it turns out it might also be making us sad. sad soda. new research that suggests soda drinkers are more likely to be depressed. not really depressing. seems more stupid to me but you'll decide. (dog) larry,larry,larrryyy. why take
proven himself again and again to the president. >> over the past quarter of a century jack lew has been an integral part of some of the most important budgetary financial and fiscal agreements bipartisan agreements in washington. >> one agreement he may not want to take credit for is the now december pieszed if -- despise fiscal cliff. lew was the architect of the spending cuts that nearly drove congress to the brink over new years. some republicans say he hasn't been honest with congress about debts. >> there is a confirmation process. i think the american people need to know the secretary of treasury will tell them the truth about the financial conditions of this country. >>> speaking of cabinet posts labor secretary announced yesterday she will be stepping down as well. so who is staying for a second term? that list piered to be relatively short. attorney general eric holder secretary of health and human services kathleen seb beelius. one of the duties of the trish ry secretary is to sign the currency. on this bill you have tim geithner's signature because he's the treasury secretar
serving as the first hispanic woman cabinet secretary. and president obama is expected to nominate jack lew for budget secretary. >>> and if he is confirmed, we could see a lot more of this. lew's looping signature on every new greenback that is printed. it's been described as a slinky that lost its spring. but lew says he'll work at improving his penmanship if he gets the job. >>> and secretary of state hillary clinton, another departing cabinet member, says that doesn't mean she's retiring. at her first official appearance after battling a blood clot, clinton said she's just, quote, stepping off the fast track for a little while. >>> a couple from a new york neighborhood devastated by hurricane sandy is waking up in a new home this morning. burt and jean metz had just invested their life savings into upgrading their house in sandy point. then, sandy struck and four feet of water poured in. they lost everything. a volunteer group stepped in to help and showed off their work yesterday. look at that. >> bet they're feeling good. always good to be back home. so, congrats to them. >>> time
formally nominated his chief of staff, jack lew, to be the next treasury secretary. as the second-term churn gets under way now. though it looked for a time like the president might nominate susan rice to be his next secretary of state, when that didn't happen, this latest wave of nominees appear to have something in common. and as nbc's andrea mitchell reports tonight, people are noticing. >> reporter: it is the white house photo that could be called all the president's men. adviser valerie jarrett is there, we're told, hidden behind the guys. as president obama filled his top cabinet post with nominees named jack and chuck and john -- >> it's time for me to move on. >> reporter: -- it was like "mad men" goes to washington, except peggy leaving ruth marcus. >> whatever white guy becomes chief of staff, i think it's actually kind of interesting that there are two women who are deputy chiefs of staff and no one has talked about them as possibilities at all. >> reporter: one of the two deputies, nancy ann deparle, a harvard lawyer, is leaving next week. epa administrator, lisa jacks
. ♪ >>> president obama will nominate his chief of staff over at the white house, jack lew, to be the next treasury secretary. >> it's going to be his signature, right, on the bottom of all our currency. it will look something like this. >> that -- that's your signature? or are you just testing to see if the pen works? hey, lew, here's a tip. stop signing all your checks on the teacup ride at disney world. the only way that you're allowed to have that as your signature is if your name is boing! >> he does have a funny signature. welcome back to "morning joe." richard wolffe and donny deutsch are still with us. >> beautiful sunrise. >> it is beautiful. >> beautiful. >> beautiful friday morning. >> what's that in the background blinking? >> a chopper. >> another chopper. let's stay on this shot. this may get interesting. >> no. joining the table -- good lord -- "new york times" columnist gail collins. it's good to have you on board this morning. >> good to be here. it's friday. >> it is friday. >> yeah. >> nice silence. >> you know -- >> you know what alex just said to me? >> what's that? >> let's do
Search Results 0 to 49 of about 80 (some duplicates have been removed)

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